UAE. Regional markets ended the last week of the month and the quarter mainly on a negative note, with six out of the eight indices being in the red which was backed by the lack of catalysts to move the markets.

On a weekly basis, Kuwait came in as the worst performer among its peers with a -2.5%, followed by Dubai and Bahrain markets each down by -1.9%, Abu Dhabi -1.3%, while Saudi and Qatar both lost -0.6%. Egypt was the best performer with gains of +1.4% and Oman gained +0.7% over the same period.

With the end of the third quarter in 2017, Qatar remains the worst performer among its peers by -20.4%, while Kuwait still maintaining the lead in terms of the best performer with gains of +16.2%.

Crude oil prices advanced by 11.95% during the month of September reaching as high as USD 58.43 per barrel on the back of disruptive US hurricane season and signals that OPEC members are willing to extend the cuts till the end of 2018. Geopolitical tensions coupled with lack of news flow will be affecting regional markets for the coming period.

Indexes

Last

WTD

(%)

MTD

(%)

YTD

(%)

Dubai

(DFMGI)

3,563.99

1.89%

2.02%

0.94%

Abu Dhabi

(ADSMI)

4,397.40

1.29%

1.59%

3.28%

Saudi

(SASEIDX)

7,283.01

0.59%

0.34%

1.01%

Kuwait

(KWSE)

6,679.73

2.47%

3.08%

16.21%

Egypt

(EGX30)

13,888.51

1.41%

3.52%

12.50%

Qatar

(DSM)

8,312.43

0.58%

5.55%

-20.35%

Bahrain

(BHSEIDX)

1,283.46

1.87%

1.46%

5.16%

Oman

(MSM30)

5,137.35

0.72%

1.68%

-11.16%

TR GCC (Reuters)

194.67

1.67%

2.18%

3.91%

DJ MENA

525.29

1.10%

0.70%

5.49%

About Al Masah CapitalAl Masah Capital is one of the fastest growing alternative asset management and advisory firms focused on the MENA and SEA regions. Established in 2010 Al Masah Capital provides tailored solutions to a broad investor base, offering private equity advisory (across Healthcare, Education, Food & Beverages, Logistics and other consumer driven sectors), asset management, corporate and real estate advisory as well as public market research services.

With operations in Dubai, Abu Dhabi and Singapore, Al Masah advises qualifying investors on growth opportunities in 13 focus markets in MENA and South East Asia.